Japan okays one shipment of material Samsung needs for its most advanced chips

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The term Free trade has become an oxymoron. Just look at the mess that is taking place with the U.S. and China. As we’ve pointed out countless times, the tariffs that the U.S. is imposing on imports from China (which start to directly impact the Apple iPhone on September 1st) are import taxes that are paid by U.S. corporations. The latter can decide to eat some or all of the additional taxes lowering their profit margins or pass along the higher costs to U.S. consumers. China is retaliating by devaluing its currency, the Yuan. This makes Chinese goods cheaper to buy in the states but will …

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